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How it works/Example: There are generally two types of tariffs. Ad valorem tariffs are calculated as a fixed percentage of the value of the imported good. When the international price of a good rises or falls, so does the tariff. A specific tariff is a fixed amount of money that does not vary with the price of the good.In some cases, both the ad valorem and specific tariffs are levied on the same product.hen the international price of a good rises or falls, so does the tariff. A specific tariff is a fixed amount of money that does not vary with the price of the good. In some cases, both the ad valorem and specific tariffs are levied on the same product.
1 Many developing nations use tariffs as a way of raising revenue. 2  For example, a tariff on oil imposed by the government of a company that has no domestic oil reserves may be a way to raise a steady flow of revenue.hese costs come when the price of the goods on which the tariffs were imposed has increased, the consumer is forced to either buy less of these goods or less/fewer of some other goods. The price increase can be thought of as a reduction in consumer income.